The Association of Ethical Shareholders Germany proposes that the appropriation of profit proposed by the Board of Executive Directors and the Supervisory Board be rejected.
Rationale:
Once again, the proposed dividend, which is unchanged from the previous year, is too high. Instead of cutting jobs and investments in the urgently needed socio-ecological transformation of all BASF divisions, the dividend should be reduced. The current dividend policy is not sustainable, it is in fact a waste of resources: the proposed dividend amount of over EUR 3 billion can already no longer be paid from the free cash flow of EUR 2.7 billion in 2023. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/basf-se/unable-to-identify-even-gross-human-rights-violations-our-countermotions/
My name is Niren Tolsi, and I am a journalist from South Africa.
Since the massacre in Marikana in August 2012, which left 34 men dead, photojournalist Paul Botes and I have documented what has happened to some of the mine-workers who survived that fatal day and the forty-four families who lost loved ones at Marikana — a project we called After Marikana.
Through this project, we aimed to investigate the real cost of the Marikana massacre to families, to communities and — through this microscope of the intimate — this strange new South Africa that Marikana has ushered in by echoing the bloody massacres of our apartheid past. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/basf-se/if-it-is-committed-to-cleaner-supply-chains-basf-has-a-commitment-to-these-people-speech-by-niren-tolsi/
The Association of Ethical Shareholders Germany proposes that the appropriation of profit proposed by the Board of Executive Directors and the Supervisory Board be rejected.
Rationale:
The proposed dividend, which remains the same as in the previous year, is too high. A significant reduction would be appropriate in view of BASF’s investment needs and its ailing economic situation. A look back shows that income from operations (EBIT) fell significantly in 2022. In addition to the write-downs on Nord Stream 2, it is above all the massive write-downs on Wintershall Dea’s fossil fuel business in Russia that have given BASF an investment result of a record-breaking minus €4.9 billion in 2022. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/basf-se/completely-inadequate-consequences-of-forced-labour-risks-in-china-our-countermotions/
On August 16, the murdered South African miners will be remembered worldwide. Platinum importer BASF bears responsibility for human rights and environmental protection
Marikana Massacre (from left above): South African police with shot miner at Nkaneng Hill; a surviving miner, Mzoxolo Magidwana, speaks at the BASF AGM 2017; protest outside the Lonmin AGM 2018 in London; protesting South African women in Marikana.
On 16 August 2012, 34 miners were shot dead at the Marikana platinum mine in South Africa. Plough Back the Fruits (PBTF), the South African-European campaign, reminds on the 10th anniversary of the massacre that miners are still imprisoned and many survivors are still waiting for the promised compensation and an official apology from those responsible.Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/campaign-plough-back-the-fruits/10-years-after-the-marikana-massacre-still-no-justice/
Re agenda item 3: Adoption of a resolution giving formal approval to the actions of the members of the Supervisory Board
The Association of Ethical Shareholders Germany proposes that the actions of the members of the Supervisory Board for the 2021 financial year not be approved.
Rationale:
The Supervisory Board is still unable to credibly fulfil its role as the controlling body of the Board of Executive Directors in order to supervise BASF’s realignment independently, critically and constructively.
Shareholders’ dissatisfaction with the Supervisory Board remains high: At the 2021 Annual Shareholders’ Meeting, almost 20 percent refused to approve the actions of the Supervisory Board under the new leadership of Dr. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/basf-se/deals-with-gazprom-dependence-on-fossil-gas-deficits-in-climate-protection-and-double-standards-regarding-pesticides-our-countermotions/
From 2023, legislation will rule how BASF must meet its own human rights due diligence obligations. Would the Supply Chain Act have helped BASF respond more seriously to the apparent abuses at its then largest platinum supplier, Lonmin, after the Marikana massacre nine years ago? The answer to this question exposes the advantages, but also the shortcomings, of the bill currently being debated in German parliament.
By Tilman Massa, Ethical Shareholders Germany
German companies have had long enough to prove that they voluntarily comply with UN standards on respecting human rights in their supply chains. After it finally became clear last year that over 80 percent were not even close to doing so, the German government drew the consequences and cleared the way for a legal regulation. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/basf-se/would-it-have-made-a-difference-marikana-basf-and-the-supply-chain-act/
Re agenda item 2: Adoption of a resolution on the appropriation of profit
The Association of Ethical Shareholders Germany proposes that the appropriation of profit proposed by the management be rejected.
Rationale:
It doesn’t add up: BASF is repeating last year’s record dividend, while further job cuts are planned worldwide, even at its headquarters in Ludwigshafen. Significantly more of the unappropriated profit should be used for a future-oriented and at the same time socially just realignment of BASF without job cuts. While employees and entire companies have to bear the burden of the Corona pandemic, BASF is even privatizing the resulting profits. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/basf-se/missed-climate-targets-untrustworthy-control-our-countermotions/
Representatives of Indigenous Peoples, environmental and human rights organizations criticize BASF for not taking actionto address NorNickel’s impacts to Indigenous Peoples of Russia’s Far North
Dear Dr. Dohrn:
Thank you for your response of December 4, 2020. We appreciate that you recognize NorNickel’s history and legacy of severe environmental incidents. Unfortunately, based on the evidence that we have seen, we do not yet share your optimism that NorNickel is willing to work towards sustainability. We believe BASF’s failure to take action to address NorNickel’s impacts to Indigenous Peoples of Russia’s Far North represents violations of BASF’s Group Position on Human Rights and its Supplier Code of Conduct. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/basf-se/basf-must-take-action-to-address-nornickels-violations-open-response-letter-to-basf/
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